The Finance Bill 2025 proposed major changes in the revenue-raising measures and tax policies that will be used to finance ...

As summer approaches and the Philippines remains a top tourist destination, the Bureau of Internal Revenue (BIR) issued ...

The decision by finance minister Enoch Godongwana’s to reverse the planned 0,5% VAT rate increase, initially set to take effect on 1 May 2025, has significant practical implications for VAT vendors ...

Consumers who have been charged VAT at 15.5% have the option of contacting the supplier to claim back their money.

SARS issues a critical warning for vendors and consumers on the VAT rate reversal — find out what you need to do to comply.